In a move that increases the importance of Cloakcoin within the industry, the cryptocurrency has been added to the popular decentralised OpenLedger exchange, ready for trading. 

The CloakCoin was one of the first digital currency tokens on the market to offer a guarantee of all personal data being secured, and all transactions completed anonymously. Over time, these characteristics have continued to develop through the Enigma technology, making it an attractive proposition for digital currency investors.

The move to the OpenLedger trading exchange is a positive step for the cryptocurrency, and it will gain from utilising a trading platform that offers users a wide range of services, rather than just a digital currency trading tool. It also offers tokens, advertising technology and a crowdfunding system.

However, the main benefit of CloakCoin being added to the trading exchange is that it currently sits in the top 60 Bitcoin trading platforms available, so there is plenty of traffic and scope for improvement for the growing cryptocurrency. Having the ability to be paired with Bitcoin on such a secure and stable platform should allow for the next steps of consistent growth to take place.